Fvcbank vs. Sofi Bank
High-Yield Savings Account Comparison
By Aviel Fahl|Last Updated: October 21, 2025
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Summary of FVCbank vs. SoFi Bank
Key Metrics at a Glance
| Feature | FVCbank | SoFi Bank |
|---|---|---|
| Top Savings APY | 4.10% Advantage Direct Savings | 4.50% SoFi Savings |
| Minimum to Open | $500 | $0 |
| Minimum Balance for Top APY | $500 | $0 |
| Note | Limited offer: you can earn a 0.70% APY boost for 6 months, making the total APY 4.50%. This requires either a direct deposit of regular income, or a $10/month subscription. See terms at SoFi Bank. The savings account comes bundled with a checking account. |
FVCbank
Strengths
- FVCbank offers a competitive APY of 4.10%, though it decreased from 4.45% in the last 30 days.
- No maintenance fees are charged for the Advantage Direct Savings account.
Potential Drawbacks
- FVCbank has a lower App Store rating of 4.4 compared to SoFi Bank's 4.8.
- The minimum deposit and balance for FVCbank's account is $500.
SoFi Bank
Strengths
- SoFi Bank provides a higher APY of 4.50%, unchanged over the last 30 days.
- SoFi Bank has a lower minimum deposit and balance requirement of $0.
Potential Drawbacks
- SoFi Bank's APY requires direct deposit or qualifying deposits to avoid a lower rate.
- SoFi Bank has a Google Play rating of 4.1, lower than FVCbank's 3.6.
→ As of October 21, 2025 FVCbank offers an APY of 4.10% for its Advantage Direct Savings account, with a minimum balance of $500, compared to SoFi Bank's 4.50% APY for its SoFi Savings account, with a minimum balance of $0.
→ SoFi Bank yields $40 more than FVCbank on a $10,000 balance after one year. FVCbank pays $410, while SoFi Bank pays $450 - an APY advantage for SoFi Bank.
Calculate Savings Growth for FVCbank vs SoFi Bank
FVCbank - Advantage Direct Savings
Total savings breakdown:
- Interest earned: $2,499.4 (12.19%)
- Total contributions: $13,000 (63.42%)
- Initial deposit: $5,000 (24.39%)
Your total balance
$20,499.40
Total balance: $20,499.4
Earnings: $2,499.4
Bank OverviewSoFi Bank - SoFi Savings
Total savings breakdown:
- Interest earned: $2,760.1 (13.30%)
- Total contributions: $13,000 (62.62%)
- Initial deposit: $5,000 (24.08%)
Your total balance
$20,760.10
Total balance: $20,760.1
Earnings: $2,760.1
Bank OverviewWith a $5,000 initial deposit and $13,000 in total contributions over 5 years, FVCbank's total earnings would be $260.7 lower than SoFi Bank's total earnings.
The Banksparency Savings Calculator provides estimated savings growth based on user input and our latest data.
Compare FVCbank's vs SoFi Bank's Savings Accounts
| FVCbank | SoFi Bank | ||
|---|---|---|---|
| Product | Advantage Direct Savings | vs | SoFi Savings |
| APY | 4.10% (as of 10/21/2025) | 4.50% (as of 10/21/2025) | |
| Bundled Account | No | Yes | |
| FDIC-insured | Yes | Yes | |
| Online Only | Yes | Yes | |
| Compound Frequency | N/A | Daily | |
| Minimum Deposit | $500 | $0 | |
| Minimum Balance for APY | $500 | $0 | |
| Maintenance Fee | $0 | $0 | |
| Direct Deposit Required | No | No. Without direct deposit or "Qualifying Deposits" the APY will be significantly lower | |
| Note | Limited offer: you can earn a 0.70% APY boost for 6 months, making the total APY 4.50%. This requires either a direct deposit of regular income, or a $10/month subscription. See terms at SoFi Bank. The savings account comes bundled with a checking account. | ||
| App Store Rating | 4.4/5 | 4.8/5 | |
| Google Play Rating | 3.6/5 | 4.1/5 | |
| BBB Rating | A+ | A+ |
Comparative Historical APY Insights (Last 7 Months)
| FVCbank | SoFi Bank | ||
|---|---|---|---|
| Product | Advantage Direct Savings | vs | SoFi Savings |
| Latest APY | 4.10 % | 4.50 % | |
| Trend | Falling | Rising | |
| Slope (bps/mo) | -5.6 | 8.9 | |
| Rate Changes / Mo | 0.97 | 0.14 | |
| Days Since Last Change | 27 | 40 | |
| High (-7 m) | 4.55 % | 4.50 % | |
| Low (-7 m) | 4.10 % | 3.80 % | |
| Draw-down from High | -9.9 % | 0.0 % | |
| Volatility (CV) | 0.030 | 0.070 |
APY Insights Glossary
- Latest APY
- Most recent advertised annual-percentage yield.
- Trend
- Direction over the last 7 months (regression slope).
- Slope (bps/mo)
- Average monthly change; 10 bps = 0.10 pp.
- Rate Changes / Mo
- Typical number of APY moves per month.
- Days Since Last Change
- Recency of the latest APY adjustment.
- High (-7 m)
- Highest APY in the last 216 days.
- Low (-7 m)
- Lowest APY in the last 216 days.
- Draw-down from High
- How far today sits below the 7-month peak.
- Volatility (CV)
- Coefficient of variation = stdev ÷ mean.
Why Track Savings-Account APYs?
- See how quickly a bank reacts to Fed moves or competition.
- Gauge “twitchiness” - frequent moves can annoy savers.
- Spot if you're buying near a peak (draw-down) or riding a rise.
- Slope (bps/mo) shows speed of change.
- Volatility (CV) scales jumps by average level.